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Question 61 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -61 Chapter no - 7 Unimax Class - 12 Part -II
Question No -61 Chapter no - 7 Unimax Class - 12 Part -II

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Question 61 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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61. From the information given below, calculate (1) Gross profit ratio, (2) Working capital turnover ratio, (3) Debt-Equity ratio, (4) Proprietary ratio.

Particulars 

Net sales5,00,000
Cost of goods sold3,00,000
Current assets2,00,000
Current liabilities1,40,000
Paid up share capital2,50,000
13% debentures1,10,000

The solution of Question 61 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –

(I) G.P=Net sales – C.O.G.S
 =5,00,000 – 3,00,000
 =₹2,00,000
G.P. Ratio=G.P.X100
Net Sales
 =2,00,000X100
5,00,000
 =40% Ans.  
(ii) working capital =current assets – current liabilities
 =2,00,000 -1,40,000
 =₹ 60,000
Working capital turnover ratio=Net sales 
Average W.C
 =5,00,000
60,000
 =8.33 times Ans.

(iii) Debt – Equity Ratio

=Long Term debts
Shareholder’ s Fund

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 =1,10,000
2,50,000
 =0.44 Ans.
(iv) Total assets=Total liabilities
Total assets=1,40,000 + 2,50,000 + 1,10,000
 =5,00,000
Proprietory Ratio=Shareholder’ s Fundx100
Total assets
 =2,50,000x100
5,00,000
 =50 % Ans.  

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Accounting Ratios – Meaning and Definition

 

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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